Tag Archivesemployee share schemes
BBBEE

Rapport: Interview with Nicolene Schoeman-Louw – Duvha bekyk oor Chinese

Nicolene Schoeman-Louw was interviewed in the Rapport Newspaper, published on 13 August 2017. The piece is about B-B BEE trusts and how to construct them in line with the legislation. It also deals with the consequences where this is not done. <read more>

Read full story

BBBEE employee share schemes: The tax consequences for the employee

A key question comes to mind from an employee’s perspective particularly… If benefits under a BBBEE employee share scheme are linked to an employment relationship, are these benefits subject to income tax in the hands of employee? Or dividends tax in the hands of the company? Given the BBBEE regulations introduced in 2013, many smaller companies have […]

Read full story

BBBEE Ownership Compliance: Employee Share Schemens – The Do’s and the Don’ts

Since the recent amendment of the Broad Based Black Economic Empowerment Act 53 of 2003 and its regulations, i.e. the Codes of Good Practice, (jointly referred to as the “BBBEE Act”), whereby complying with the ownership requirement of the BBBEE scorecard, employee share schemes became more popular than ever. Setting up an employee share scheme […]

Read full story

Tax consequences of Incentive Trusts…a real incentive, or not?

Over the past few months the DTI as issued various clarification notices regarding the nature and potential impacts broad-based schemes and employee share schemes would have on the BBBEE score of companies. In addition, the now compulsory ownership element on the BBBEE scorecard has been widely debated. Particularly in the case of restrictions imposed on […]

Read full story